MILTON PUBLIC LIBRARY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

KEVIN SCHEIMEFF

Phone

5707427111

Tax Period

2024-01-01 to 2024-12-31

MILTON PUBLIC LIBRARY, founded in 1925, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Expenses of $361K exceeded revenue, resulting in a 49% operating deficit.

Mission

PROMOTE LEARNING AND CULTURE TO THE RESIDENTS OF THE BOROUGH OF MILTON AND VICINITY THROUGH PROGRAMS, READING, AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $343,652

THE LIBRARY OWNS AND PURCHASES BOOKS, PERIODICALS, VIDEOS, AUDIOS AND MAGAZINES FOR FREE USE BY THE GENERAL PUBLIC AND PROVIDES FREE READING PROGRAMS AND FREE INTERNET ACCESS TO THE GENERAL PUBLIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $208,005

Program Service Revenue $14,108

Investment Income $19,140

Other Revenue $335

TOTAL REVENUE $241,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,510

Fundraising Expenses $0

Program Expenses $343,652

Other Expenses $252,570

TOTAL EXPENSES $361,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,588	$248,355	0.0%
Expenses	$361,080	$364,512	0.0%
Net Income	$-119,492	$-116,157	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL RHEPPARD	TREASURER	1.00	Officer Director	$0	$0	$0
AMY REARICK	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN SCHEIMEFF	PRESIDENT	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$241,588	$361,080	$2,979,984	$-119,492
2023	$248,355	$364,512	$3,096,772	$-116,157
2022	$312,484	$387,234	$3,197,125	$-74,750
2021	$208,948	$341,765	$3,430,381	$-132,817
2020	$209,615	$301,766	$3,584,659	$-92,151
2019	$140,961	$375,017	$3,638,520	$-234,056
2018	$244,484	$377,396	$3,964,188	$-132,912